Economic development; appropriation; Oklahoma Department of Commerce; Community Development Financial Institutions; effective date; emergency.
HB 1926 appropriates $30 million from Oklahoma's General Revenue Fund to the Department of Commerce for a program partnering with SBA-certified Community Development Financial Institutions (CDFIs). This funding directly supports small businesses by enabling CDFIs to provide loans to owners, particularly in underserved communities. The program will operate using unallocated funds for the 2026 fiscal year and takes effect July 1, 2025. The bill creates a specific funding mechanism to expand small business lending access through established community-focused lenders.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2025
Last action Feb 4, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
0
Feb 3, 2025
Introduced
First Reading
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Ron Stewart
DDemocratic
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